What are Business Compliance Cost Statements?

Posted May 26th, 2007 by Dr James Pratt

The aim of the Business Compliance Cost Statements (BCCS) is to ensure that compliance costs from laws or regulations are fully considered and kept as low as possible. Since 2001 all policy proposals submitted to Cabinet that required a regulatory impact statement have also required a business compliance cost statement.

Unfortunately since 2001 adherence to RIS and BCCS requirements has been of varying quality and often lacking in thoroughness in identifying the cost to business of proposed regulations. The impression is given that such statements are not being used to seriously question the need for new regulations.

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